§ 63. Mr. Biggs-Davisonasked the President of the Board of Trade whether he is now in a position to make a statement on the latest tariff negotiations under the General Agreement on Tariffs and Trade.
§ Mr. P. ThorneycroftYes. A White Paper (Cmd. 9779) on the results of the negotiations will be available in the Vote Office at 4 o'clock this afternoon; and copies of the tariff schedules which embody the new maximum tariff rates will at the same time be placed in the Library.
The amounts by which we and other countries will be reducing individual tariff rates as a result of these negotiations are, in general, small, but as measured by the value of the trade covered by the concessions exchanged, the results constitute a useful addition to what has already been achieved in earlier G.A.T.T. negotiations to reduce or stabilise tariffs.
75WThe necessary changes in the Customs tariff of the United Kingdom will be brought into effect as soon as practicable.